Shares of Workday (WDAY) are surging more than 10% in premarket trading Wednesday, a day after the human resoꦛurce and finance software maker's fiscal 2025 fourth-quarter results topped an𒐪alysts' estimates.

Workday reported $2.21 billion in revenue, including $2.04 billion in subscription revenue, with both surpassing Visible Alpha consensus. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) came in at $1.92, also exceeding estimates.

The company projected first-quarter subscription revenue of $2.05 billion and $8.80 billion for fiscal 2026. Those were mostly in line with analysts' estimates.

CEO Sees Opportunities in AI, Government's Cost-Cutting Focus

Workday CEO Carl Eschenbach said in prepared remarks in Tuesday's earnings call that the company believes it has a "growing opportunity with the U.S. federal government thanks to the administration’s strong focus on driving efficiencies and IT modernization."

Eschenbach also said the growth of Workday's 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products has put the technology "front and center in every conversation I have with customers, prospects, and partners. They want to move beyond inc꧒remental productivity gains—they’re looking for [return on investment] that will help drive growth back into their business."

Workday shares, which had lost 17% of their value over the past 12 months entering Wednesday, ಞa🌞re up 11% in premarket trading.